Oh, so you think a stinky pinky can borrow money to buy shares with? Might want to take another stock 101 course.
There is absolutely no reason to buy back shares with borrowed money. The only benefit is to shareholders, but borrowed money has to be paid back.
In short, there will be no buyback until NSAV has profit, which will be the first time in history. I wouldn't be holding my breath...in fact, I doubt if it will ever happen. An RS is more likely.